THINK Week in Review – The “Turing Test” edition

Alan Mathison Turing, an English computer scientist, mathematician and cryptanalyst, developed the Turing Test 57 years ago, to determine if a computer has real intelligence. To pass the test, a computer must be able to fool a human into believing it is also human. While AI is still not perfect, the test might become obsolete very soon, with chat bots and neural networks starting to dominate the computing space.  We will continue trying to find the perfect balance between machine and human learning to solve the challenges of the future. Here are the most important stories of the week to keep your brain fresh: Is your bank ready for the future? "Interestingly, there were some significant differences in perspective between the CEO respondents and the COOs, CFOs, CIOs, and CMOs who responded to the survey. The CEOs' future-readiness ratings were higher than the other execs' ratings for six of the eight functions. The biggest differences were reflected in their views of the marketing, branch delivery and digital banking functions." 7 takeaways from Davos 2017:  "Can a company’s data be actually a bubble of delusion as they frame things through their brand or their category versus what people actually want and feel? In an age of AI are they truly utilizing the correct co-relations and algorithms. Most importantly we often choose with our hearts and then use numbers to justify what we just did. In such a world marketer should never forget the emotion and the feeling that makes us human which often overrides logic and rationale." Fintech companies could give billions of people more banking options. Talking about purpose: "Fintech companies are proving that they can create workarounds for the infrastructure of developing countries. They can develop flexible products tailored to the lives of the people in those markets. And they can figure out how to generate data streams that shed more light on potential customers’ finances. They can play an important role in bringing the 2 billion consumers into the digital world and improve both their lives and their countries’ economies." How to fight through intellectual discomfort. "When you choose to shift your time and energy, you’re making a new commitment to yourself – to experience and fight through intellectual discomfort. Yes, it will always be challenging.  It will always push you. But pushing through that intellectual discomfort makes intellectual freedom and growth more possible. It builds your self-confidence; it makes the reality of your next break-through idea more real. And that should be energizing and enlightening."